Someone please help! i don't know what to do

hello everybody, Just when i thought that i was getting a handle on this payday loan thing, something else happens. I originally had three. Amscot, who are working with me, very nice people. Then there is cashnetusa and BIG. last week i sent them both cease and desist letters. I have paid BIG approx. 700.oo on an initial loan of 200.00, they want be getting anymore. I tried to work something out with cashnet sending them a payment plan in my letters. Anyway i put a stop payment on cashnet. today i look at my account and it is 700.00 overdrawn. cashnet broke the payment up into two payments. I do not know how long i can take this. All i could do was break down and cry, i am so overwhelmed. I was wondering if i call bank of america and dispute the payment tommorow will they immediately reverse the charge. I get paid tuesday and i am scared that my entire check will be gone, last week i did not have a dime of my check because of all the fee's and charges and i have to pay my rent this week. Someone please help! thankyou

They most likely won't return
your money right away, but what you will actually need to do is go into
the bank, speak directly with the Branch Manager, and fill out a formal
dispute on the amounts taken from your account. Explain to them that BIG
is an illegal company and has stolen money from you. Then if I were you,
I would have a hard debit block on my account, you will need to have the
Branch Manager do this also, other employee's usually aren't authorized
to take this action. I am sorry to tell you this but blocking payments
will NOT work with these illegal companies, if you really want your
money to be safe you will need to close that account and open a new one
at a different bank, these lenders have a habit of changing their names
in order to get at peoples money, and it could happen again a year from
now, as long as you are carrying the same account. Good
luck!!

I am sorry that this has
happened to you. This is a perfect example of why stop payments or
blocks do not work!

I, too, bank at BOA and they were able to help me. I would dispute the
debits from Cashnet. Since the account is overdrawn, the bank should
return the items and not pay them. I wouldn't pay the O/D fees either.
Explain to the bank that you had put a stop payment on Cashnet b/c you
had set up other payment arrangements, but they broke up the debit
amounts to get around the stop payment. I would think, IMO, that you
should be able to get those debits reversed.

Ask the bank to put your account on deposit only. This will prevent ANY
charges, checks, debits or ACH from coming out of your account, BUT will
allow your paycheck to be direct deposited and post. On your payday, go
to the bank and tell them that you want to make a withdrawal and they
will lift the block so that you can take out money and then tell them to
put the block back on. Note - if on payday, you look at your online
banking or call for a bank balance, it will say -0- or whatever the
balance was. Don't worry, your check is there.

When you are at the bank tomorrow, open another account and have your
direct deposit pointed to the new account. (It may take a few weeks for
the direct deposit to change accounts, but in the meantime, your
paycheck can still go into the old account until your payroll makes the
change.) You can also ask your payroll to give you a paper check until
the direct deposit goes to the new account.

Once your direct deposit starts going into the new account, close the
other one. Of course, the bank will only close any account when it is
at a zero or positive balance.

By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.

Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.

Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.

Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.

The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.